Close Menu
BestNewsOnline
    Facebook X (Twitter) Instagram
    BestNewsOnline
    • Retirement planning
    • Insurance
    • Real estate
    • Subscription
    BestNewsOnline
    Home»Retirement planning»PBGC approves $66 million for Machinist Motor City pension plan
    Retirement planning

    PBGC approves $66 million for Machinist Motor City pension plan

    December 22, 20221 Min Read
    WhatsApp Facebook Telegram
    Executive Benefits and Compensation

    By Bloomberg Law Automation

    December 22, 2022, 7:15 p.m.

    The Pension Benefit Guaranty Corporation approved the International Association of Motor City Machinists’ pension plan for a $66 million infusion of financial assistance, according to the agency on Thursday.

    The plan, based in Troy, Michigan, will receive the money under the special financial assistance program enacted under the American Rescue Plan Act of 2021, which will allow it to pay future benefit payments. pension without reduction. The plan includes 953 participants from the manufacturing industry, the agency said.

    The Machinists Motor City Plan previously suspended benefits under the Multiemployer Pension Reform Act of 2014 to address…

    Bloomberg Law Automation

    © 2022 Bloomberg Industry Group, Inc.

    All rights reserved

    Add A Comment
    Leave A Reply Cancel Reply

    What's hot

    Transamerica, Smart and Finhabits Partner to Help Expand Retirement Plan Coverage for Underserved Businesses and Their Employees

    September 22, 2022

    Dallas’ ParkHub expands into commercial real estate with latest acquisition

    October 25, 2022

    Real estate transfers: December 8, 2022

    December 8, 2022

    Here’s why you might want to think twice about this early retirement plan

    April 25, 2022
    Don't miss

    Forget buying-renting! These dividend real estate investments yield up to 6.1%

    January 11, 2023

    Real Estate Report 2022 – WISH-TV | Indianapolis News | Indiana Weather forecast

    November 19, 2022

    Live relief check updates: 2023 tax season, debt ceiling, Social Security cuts, disability benefits, housing market…

    January 23, 2023
    Picked for you

    LACERA invites tenders for the system’s emerging real asset management program

    Retirement planning February 2, 2023

    The Los Angeles County Employees Retirement Association invites proposals from qualified companies to implement the…

    BestNewsOnline.net is owned and managed by

    Top10 International FZ LLE
    Office 2002, 20th Floor, Creative Tower
    Fujairah, United Arab Emirates
    TRN: 100608946800003

    • Home
    • Contact us
    • Privacy policy
    • Terms and services

    Type above and press Enter to search. Press Esc to cancel.